France-Spain power interconnector - EIB provides EUR 350m loan

The European Investment Bank (EIB) has undertaken to participate in financing the France-Spain interconnector, the first trans-European direct current link using innovative converter technology, with a EUR 350 million loan to the two operators of the French and Spanish power grids, RTE and REE. A quadripartite agreement was signed on Thursday 6 October 2011 by the EIB, Inelfe, RTE and REE. The new power interconnector between France and Spain is unique: this is the first time in Europe that an electricity link of this power is using innovative VSC (voltage source converter) technology with the ability to convert alternating to direct current very rapidly ...Zum vollständigen Artikel